Artificial Intelligence
3D Printing Market Size is Expanding to USD 98,310 Million by 2032
Ottawa, July 31, 2023 (GLOBE NEWSWIRE) — According to Precedence Research, the global 3D printing market size was valued at USD 17,380 million in 2022. 3D printing, also known as additive manufacturing, is the process of creating a 3D item from a computer-aided design model or digital 3D model. It can be done utilizing a variety of techniques that typically include layer-by-layer combining, connecting, or hardening of materials under the supervision of a computer. The capacity to create exceedingly complex structures or geometrical figures, including hollow pieces or portions with inside truss systems to minimize weight, that would often be challenging to make by hand is one of the key advantages and benefits of 3D printing.
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FDM (fused deposition modeling), an additive manufacturing process that produces 3D components using continuous thermoplastic or composite material thread in the form of filament, is expected to be the most widely used 3D printing technique by 2020. VAT Another class or form of additive manufacturing called photopolymerization uses carefully cured liquid resin by focused light induced polymerization to produce 3D objects. The market is expected to grow as a result of the active 3D printing research and development efforts as well as the increased demand for prototype applications from various industry segments, notably the automotive, healthcare, military, and aerospace industries.
Key Insights:
- North America contributed more than 34% of the revenue share in 2022.
- By printer type, the industrial printer segment accounted for more than 77% of total revenues in 2022.
- By technology, the stereolithography segment captured more than 11% of total revenues in 2022.
- By application, the prototyping segment registered more than 55% of total revenues in 2022.
- By vertical, the automotive segment recorded more than 25% of revenue share in 2022.
- By material, the metal segment generated over 53% of global revenue in 2022.
- By component, the hardware segment captured more than 65% of total revenue in 2022.
Regional Snapshots
The North American 3D printing materials industry is expected to generate more than USD 5,909.2 million by 2032. The growth of the market in North America will be fueled by positive developments in the medical and aerospace sectors. The adoption of 3D printing in several industries and the increased diversity of materials will both present opportunities for growth. Initiatives by the American government to advance 3D printing, together with financing for research and development, will hasten its adoption and raise the need for 3D printing equipment and materials in the region.
Scope of this report:
| Coverage | Details |
| Market Size by 2032 | USD 98.31 Billion |
| Market Size by 2032 | USD 98,310 Million |
| Growth Rate from 2023 to 2032 | CAGR of 18.92% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Component, By Printer Type, By Technology, By Application, By Vertical, By Material, and Regions |
| Key Players | Stratasys Ltd., EnvisionTec, Inc., Materialise, 3D Systems, Inc., Autodesk Inc., GE Additive, Voxeljet AG, Made In Space, Canon Inc., and others |
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Market Dynamics:
Drivers
The use of additive manufacturing or 3D printing has altered many industrial processes, particularly in the manufacturing sector. The technology’s unrivaled ability to accelerate time to market, reduce prices, and customize unique parts is encouraging innovation and the development of ground-breaking innovations. Due to the expanding spectrum of 3D printing applications across several industries, it is estimated that the market for 3D printing materials & equipment would grow throughout the projected period. Fused deposition modeling (FDM), also known as fused filament fabrication (FFF), creates components by layer-by-layer selectively depositing molten material in a preset pattern. It makes use of thermoplastic polymers, which are a kind of polymer. Due to its affordability, portability, simplicity, ergonomic and compact design, and ability to deal with many materials, FDM would improve product acceptability.
Restraints
The high initial expenses of this technology are said to be the main obstacle to its adoption. The cost of personnel training, supplies, certification, and instruction in additive manufacturing is included in this investment. A 3D system setup costs significantly more than using traditional printing methods and takes more resources. However, because the professional Desktop 3D printer is now readily available, the manufacturers are helping the end users cut back on the significant up-front costs. Compared to a 3D system, desktop printers are more practical and less costly.
Opportunities
Since its inception, 3D printing has shifted from being used primarily for designing and prototyping to producing useful components. Because 3D printing doesn’t require tooling as traditional manufacturing methods do, it can help businesses get beyond obstacles like expensive equipment. Low-volume production is more expensive than conventional manufacturing even though it has lower per-unit expenses because to the high initial tooling requirements. The 3D printing approach helps to lessen waste produced during the production process by building components layer by layer. Mass customization is another area where 3D printing excels over conventional manufacturing, particularly for short production runs. According to a US poll, for instance, the rise in percentage from 14 percent in 2020 to 24 percent in 2021 is solely attributable to more companies switching to additive manufacturing (AM) for large-scale production runs of a variety of parts.
What parts will eventually be 3D-printable and whose production would not be possible using traditional manufacturing methods is still unknown. In light of this uncertainty, 3D printing may improve supply chain management, which might impact the logistical relationship between suppliers and buyers for specific goods or parts. In addition, the 3D printing sector has experienced advancements in printing mediums, equipment, and technology as well as an increase in the degree of labor competence. In response to the Covid-19 outbreak, 25% of American firms seek to change their supply chains, according to a research by “The Society of Manufacturing Engineers.” When making investments following COVID-19, firms prefer investing in this technology above others, such as artificial intelligence (AI), 5G, robots, and digital security, according to the research. This suggests that manufacturers’ increasing expenditures in 3D technology will fuel the market’s expansion in the next years.
Challenge
Although intriguing, the market for 3D printing is currently relatively small. Although 3D printing services are well known, many of the technology’s uses are not nearly as widespread as they ought to be. Despite decades of teaching and standardization of conventional machining, the majority of engineers today are still unaware of how to create components that are best suited for 3D printing techniques. Rapid prototyping is one application that takes a long time and costs a lot of money.
Companies all around the world are having trouble locating technical knowledge due to the ongoing developments in 3D printing technology. To address this obstacle, a number of businesses are taking initiatives to cross-train its workers in 3D printing.
Related Reports:
- 3D Printing Construction Market: The global 3d printing construction market size was valued at USD 3.42 billion in 2022 and it is projected to reach around USD 519.49 billion by 2032, poised to grow at a CAGR of 65.25% from 2023 to 2032.
- 3D Printing Materials Market: The global 3D printing materials market size is estimated to be worth around USD 12.7 billion by 2030 and is expected to grow at a CAGR of 19.32% from 2022 to 2030.
- 3D Printed Electronics Market: The global 3D printed electronics market size was valued at USD 12.22 billion in the year 2022 and is expected to reach around USD 38.2 billion by 2030 with a registered CAGR of around 15.31% from the period 2022 to 2030.
Recent Developments
- In October 2022, Australian metal 3D printing company AML3D and aircraft manufacturer Boing increased their collaboration. Earlier this year, Boeing assigned AML3D the responsibility of 3D printing aluminum prototype airplane parts as part of a rigorous testing procedure in which they were examined in comparison to the standards of AS9100D quality assurance for “fly” parts. Using this agreement as a foundation, it has been agreed to increase the project’s value by 150% by extending the project’s scope to include the delivery of additional 3D-printed components.
- PostProcess Technologies and EOS have begun a distribution partnership in October 2022 to provide EOS clients a completely automated and long-lasting depowering solution. The Variable Acoustic Displacement (VAD) technology solution, according to PostProcess, will automate bulk depowering for 3D printed items and complement the EOS printer product range. The collaboration facilitates customer access to post-printing technologies and enables whole process digitalization.
Market Segmentation:
By Component
- Software
- Hardware
- Services
By Printer Type
- Industrial 3D Printer
- Desktop 3D Printer
By Technology
- Selective Laser Sintering
- Stereolithography
- Fuse Deposition Modeling
- Direct Metal Laser Sintering
- Inkjet Printing
- Polyjet Printing
- Electron Beam Melting
- Laminated Object Manufacturing
- Digital Light Processing
- Laser Metal Deposition
- Others
By Application
- Functional Parts
- Tooling
- Prototyping
By Vertical
- Industrial 3D Printing
- Automotive
- Aerospace & Defense
- Healthcare
- Consumer Electronics
- Industrial
- Power & Energy
- Others
- Desktop 3D Printing
- Educational Purpose
- Fashion & Jewelry
- Objects
- Dental
- Food
- Others
By Material
- Metal
- Polymer
- Ceramic
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- The Middle East and Africa
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Artificial Intelligence
Military Cybersecurity Market to Reach $68.5 Billion, Globally, by 2033 at 15.4% CAGR: Allied Market Research
PORTLAND, Ore., May 20, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Military Cybersecurity Market by Type (Endpoint Security Solutions, Network Security Solutions, Content Security Solutions), Deployment (On-Premises, Cloud), and Solution (Threat Intelligence and Response Management, Identity and Access Management, Data Loss Prevention Management, Security and Vulnerability Management, Unified Threat Management, Enterprise Risk and Compliance, Managed Security, Others): Global Opportunity Analysis and Industry Forecast, 2024-2033”. According to the report, the military cybersecurity market was valued at $15.7 billion in 2023, and is estimated to reach $68.5 billion by 2033, growing at a CAGR of 15.4% from 2024 to 2033.
The global military cybersecurity market is driven by factors such as growing demand for end-point security solutions and surge in cyber-attacks which are increasing need for military cybersecurity.
Prime Determinants of Growth
The global military cybersecurity market is driven by factors such as an increase in demand for defense IT expenditure. Adoption of IoT in cyber security technology provides lucrative growth opportunities. On the other hand, limited awareness related to cybersecurity is projected to hinder market growth.
Request Sample of the Report on Military Cybersecurity Market Forecast 2033
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(We are providing Military Cybersecurity Industry report as per your research requirement, including the Latest Industry Insight’s Evolution, Potential and Russia-Ukraine War Impact Analysis)
123 – Tables63 – Charts378 – PagesReport coverage & details:
Report Coverage
Details
Forecast Period
2023–2033
Base Year
2023
Market Size in 2023
$15.7 Billion
Market Size in 2033
$68.5 Billion
CAGR
15.4 %
No. of Pages in Report
324
Segments covered
Type, Deployment, Solution and Region.
Drivers
Increase in demand for defense IT expenditure to drive the market growth.
Opportunities
Adoption of IoT in Cyber Security Technology
Restraints
Limited awareness related to cybersecurity is restricting the market growth
Procure Complete Report (323 Pages PDF with Insights, Charts, Tables, and Figures)https://www.alliedmarketresearch.com/checkout-final/military-cybersecurity-market-A323349
The endpoint security solutions segment to maintain its leadership status throughout the forecast period
Based on type, the endpoint security solutions segment held the highest market share in 2023, accounting for more than two-fifths of the global military cybersecurity market revenue and is estimated to maintain its leadership status throughout the forecast period.
Endpoint security solutions are undergoing continuous evolution to combat the ever-changing landscape of cybersecurity threats. One prominent trend is the widespread adoption of Endpoint Detection and Response (EDR) solutions. EDR offers real-time monitoring of endpoint activities, allowing for swift detection and response to advanced threats.
The on-premises segment to maintain its leadership status throughout the forecast period
Based on deployment, the on-premises segment held the highest market share in 2023, accounting for more than half of the global military cybersecurity market and is estimated to maintain its leadership status throughout the forecast period. However, the cloud segment is projected to manifest the highest CAGR of 15.88% from 2023 to 2033. Moreover, cloud computing offers advanced security features and capabilities that strengthen military cybersecurity defense. Leading cloud service providers invest heavily in robust security measures, such as encryption, identity and access management, and threat detection, to protect data and applications hosted in the cloud.
The identity and access management segment to maintain its leadership status throughout the forecast period
Based on solution, the identity and access management segment held the highest market share in 2023, accounting for nearly one-fifth of the global military cybersecurity market and is estimated to maintain its leadership status throughout the forecast period. Moreover,
Identity and access management (IAM) plays a crucial role in military cybersecurity by ensuring that only authorized personnel can access sensitive information and critical systems. IAM encompasses processes, policies, and technologies designed to manage digital identities, control access to resources, and protect against unauthorized access and insider threats.
North America to maintain its dominance by 2033
Based on region, North America held the highest market share in terms of revenue in 2023, accounting for more than half of the global military cybersecurity market revenue and is likely to dominate the market during the forecast period. The advancements in sensor technology, artificial intelligence, and communication systems have contributed to the evolution of military cybersecurity, enabling greater autonomy, flexibility, and effectiveness in engaging both stationary and moving targets with reduced collateral damage.
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Leading Market Players:
AT&TBAE SystemsBoeingCisco Systems, Inc.DXC Technology CompanyEclecticIQ B.V.IBM CorporationIntel CorporationLockheed Martin CorporationNorthrop Grumman CorporationPrivacera, Inc.SentineIOneSecureworks, Inc.Thales GroupThe report provides a detailed analysis of these key players in the global military cybersecurity market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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HANGZHOU, China, May 20, 2024 /PRNewswire/ — Dahua Technology, a world-leading video-centric AIoT solution and service provider, is proud to announce that its network cameras have successfully obtained Common Criteria (CC) EAL 3+ certificate. This achievement demonstrates Dahua’s dedication to delivering secure and reliable solutions that comply with the industry’s highest information security standards and best practices.
The Evaluation Assurance Level (EAL) 3+ certificate, issued by the Common Criteria for Information Technology Security Evaluation (CC), represents a widely used industry standard for evaluating the security features of IT products and systems. It has been recognized by 31 member countries of the Common Criteria Recognition Arrangement (CCRA) organization, which consists of the United States, Germany, the United Kingdom, the Netherlands, Japan, etc.
As the most authoritative and influential information security standard worldwide, obtaining the CC EAL 3+ certificate verifies Dahua’s robust measures against potential security threats throughout the entire R&D, production, and delivery processes. This also signifies that Dahua’s information security management capabilities meet internationally recognized industry standards.
The certification process involves comprehensive testing and evaluation of Dahua’s development environment, production environment, supply chain, vulnerability assessment, personnel security, as well as many other aspects. The security evaluation is completed by SGS Brightsight, a globally renowned security assessment laboratory in the Netherlands and approved by the Netherlands Scheme for Certification in the Area of IT Security (NSCIB).
“At Dahua, we prioritize the security needs and trust of our customers above all else. With the addition of CC EAL 3+ certificate, customers can be confident that they are investing in a secure and reliable solution that delivers unparalleled peace of mind, safeguarding their assets and ensuring uninterrupted operations,” stated Max Xiang, IPC Product Director at Dahua Technology.
Dahua always follows best industry practices and maintains the highest standards of security across all aspects of the company’s operations. In addition to product security and privacy protection, Dahua implements strict quality control measures to strengthen supply chain security. Forging ahead, Dahua will remain dedicated to advancing the security industry through innovative and secure solutions, further enhancing its cybersecurity and data protection capabilities, and working with industry partners to build a trustworthy AIoT environment.
For more in-depth insights into Dahua’s cybersecurity practices, please visit www. dahuasecurity.com
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TAIPEI, May 20, 2024 /PRNewswire/ — AGI Technology, a pioneering provider of high-performance storage solutions from Taiwan, will make its inaugural appearance at COMPUTEX 2024. This grant event will take place from June 4 to June 7 at the Taipei Nangang Exhibition Center, where AGI will be showcasing its latest innovations at Booth #J0218.
Event DetailsDate: June 4 – 7, 2024Time: 9:30 a.m. – 5:30 p.m.Location: Taipei Nangang Exhibition Center, Hall 1Booth: #J0218
AGI will present cutting-edge technology across three main themes:
Spotlight Innovations
– Supreme Pro TF138 2TB microSD: The world’s first 2TB microSD card, exclusively produced by AGI, sets a new standard in mass production and storage capacity.
– TURBOJET RGB DDR5 Series: This DDR5 series, featuring RGB lighting and a heat sink for overclocking, delivers exceptional performance.
– EDM38 Portable SSD for Mobile: A portable SSD with MagSafe-compatible magnetic attachment that offers lightweight portability.
Ultra-Spec Solutions
– SATA 8TB SSD: This 8TB SATA SSD is pushing the limits of consumer-grade storage, setting a new benchmark for capacity.
– PCIe 16TB SSD: A 16TB PCIe SSD that leads in the HMB domain, providing unmatched performance.
Customization Zone
AGI will showcase tailored storage solutions that meet unique customer needs.
We welcome you to visit AGI at Booth #J0218 to discover these innovations and explore collaboration opportunities.
About AGI
AGI is a leading provider of high-performance storage solutions, offering a range of innovative products that meet the evolving needs of its customers. With a commitment to delivering cutting-edge storage capacities and superior performance, AGI empowers its customers to achieve exceptional digital experiences.
Contact Information
Sales [email protected]+8862-27937256www.agi-gear.com
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